Dividend Watching: Forecasted dividends of $0.09 are lurking just around the corner for Methode Electronics, Inc. (NYSE:MEI) shareholder?

October 11, 2016October 11, 2016Richard Conner

Methode Electronics, Inc. (NYSE:MEI) is expected to pay $0.09 on Oct 28, 2016. The indicated annual dividend is $0.36. Shareholders owning the stock before Oct 12, 2016 will be eligible to receive the payout. Based on Methode Electronics, Inc.’s current price of $35.69, the dividend is 0.25%. This dividend’s record date is Oct 14, 2016 and the announcement date is Sep 19, 2016. The stock increased 1.08% or $0.38 on October 10, hitting $35.69. Methode Electronics Inc. (NYSE:MEI) has risen 27.88% since March 8, 2016 and is uptrending. It has outperformed by 18.56% the S&P500.

Methode Electronics, Inc. is a maker of component and subsystem devices. The company has a market cap of $1.30 billion. The Firm designs, makes and markets devices employing electrical, radio remote control, electronic, wireless and sensing technologies. It has a 16.52 P/E ratio. The Firm operates through divisions, including Automotive, Interface, Power Products and Other.

Methode Electronics Inc. (NYSE:MEI) Ratings Coverage

Out of 2 analysts covering Methode Electronics (NYSE:MEI), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Methode Electronics has been the topic of 3 analyst reports since September 4, 2015 according to StockzIntelligence Inc. The rating was downgraded by Craig Hallum on Friday, September 2 to “Hold”. The company was upgraded on Friday, September 4 by Craig Hallum. The company was upgraded on Friday, June 24 by Robert W. Baird.

More recent Methode Electronics Inc. (NYSE:MEI) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Methode Electronics, Trinity Industries and Masco Corp.” on October 10, 2016. Also Fool.com published the news titled: “Why Methode Electronics, Inc. Jumped More Than 20% Thursday” on September 03, 2015. Fool.com‘s news article titled: “Why Shares of Methode Electronics Inc. Fell More Than 30% Today” with publication date: June 25, 2015 was also an interesting one.

MEI Company Profile

Methode Electronics, Inc. (Methode), incorporated on April 27, 1966, is a maker of component and subsystem devices. The Firm designs, makes and markets devices employing electrical, radio remote control, electronic, wireless and sensing technologies. The Firm operates through divisions, including Automotive, Interface, Power Products and Other. The Firm has manufacturing, design and testing facilities in China, Egypt, Germany, India, Italy, Lebanon, Malta, Mexico, Singapore, Switzerland, the United Kingdom and the United States. The Company’s components are found in end markets of the aerospace, appliance, automotive, battery storage, construction, consumer and industrial equipment, communications (including information processing and storage, medical device, networking equipment, wireless and terrestrial voice/data systems), rail and other transportation industries.